Pendle TVL Plummets 40% Amid Maturity of Liquid Re-Staking Tokens and Airdrop Induced Sell-offs

This past week has brought significant changes to the DeFi landscape, particularly affecting the protocol Pendle. With total-value-locked (TVL) seeing a sharp decline, the ecosystem is experiencing notable shifts due to token maturities and completed airdrops. Major market players and protocols, such as EigenLayer, are also witnessing repercussions from these dynamics. Pendle faces $3 billion […]